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Pakistan’s currency plummeted to an all-time record low in intraday trading against the U.S. dollar on Thursday, amid uncertainty about the success of crucial talks between the International Monetary Fund and the government of Prime Minister Shahbaz Sharif who is considering massive new taxation to avoid a default. The latest development comes a day after Pakistan opened talks with IMF in Doha to revive the $6 billion bailout package, which has been on hold since ex-premier Imran Khan's government was ousted in April. According to a government statement, Pakistan's Finance Minister Miftah Ismail is leading its talks with the IMF.